Substitute Senate Bill No. 1042, Public Act No. 23-57, amends Section 32-763 of the general statutes to establish a grant program administered by the Department of Economic and Community Development (DECD) for municipalities, Connecticut brownfield land banks, and economic development agencies. This program, effective October 1, 2023, is designed to support brownfield remediation and assessment projects, with grants capped at four million dollars per project. The bill also introduces capacity building grants of up to fifty thousand dollars for Connecticut brownfield land banks, requiring matching state funds and ensuring that the land bank has not previously received such a grant. The bill renumbers and amends various subsections, clarifying the application process, grant approval criteria, and conditions for remediation programs.

The bill repeals and replaces sections of the general statutes related to the financial management of brownfield property grants, including the crediting of moneys, use of bond proceeds, and permissible uses of funds. It outlines conditions for grant recipient liability, property transfer post-remediation, and restrictions on title acquisition for responsible parties. The Commissioner of Energy and Environmental Protection is authorized to seek reimbursement from responsible parties for pollution costs. Furthermore, the bill amends Section 32-766 to require the Commissioner of Economic and Community Development to establish terms and conditions for financial assistance, including potential security requirements and reimbursement obligations if recipients obtain remediation funds from other sources. The bill was approved on June 26, 2023, and is cited as Public Act No. 23-57. The specific insertions and deletions from the current law are not detailed in the provided summary.

Statutes affected:
Raised Bill: 32-763, 32-764, 32-766
CE Joint Favorable Substitute: 32-763, 32-764, 32-766
File No. 220: 32-763, 32-764, 32-766
Public Act No. 23-57: 32-763, 32-764, 32-766